Sentences with phrase «right amount of death benefit»

It is important to buy the right amount of death benefit above all else.

For example, you will want to make sure that you obtain the right type of coverage, as well as the right amount of death benefit coverage for your anticipated needs.

All they are interested in is buying the right amount of death benefit for as low a premium as possible.

This often makes getting the right amount of death benefit difficult through a whole life insurance policy.

Not exact matches

When purchasing life insurance coverage, it is important to determine what type of policy — as well as how much in death benefit (face amount)-- will be right for you and your survivors.

If you don't need a huge amount of life insurance death benefit then a no medical exam policy is right for you.

When clients use some of their assets to purchase a life insurance policy, they secure a death benefit amount higher than the amount of premiums paid right away.

Misstatement of Age If the age of the insured is misstated and is not discovered until death of the insured, the insurance company has the contractual right to adjust the death benefit to reflect the face amount that would have been paid with the corrected age and actual premiums paid.

With the right amount of life insurance, you can have peace of mind knowing that after you're gone, not only will their basic needs be met, but the payout from the death benefit can help pave the way for a brighter future that includes money for college tuition and other educational expenses.

Good article - I do believe whole life insurance can have it's place, but I think the most important thing is the «right amount» of total insurance, or death benefit.

If the age of the insured is misstated and is not discovered until death of the insured, the insurance company has the contractual right to adjust the death benefit to reflect the face amount that would have been paid with the corrected age and actual premiums paid.

These are: • Death benefits deemed on not to increase • The maturity date payable • Death benefits that should be provided right after the maturity date is being determined • The sum amount of the total endowment benefit which includes the cash value surrendered within the maturity date that should not the very least exceed the amount payable as death benefit within the span of the contDeath benefits deemed on not to increase • The maturity date payable • Death benefits that should be provided right after the maturity date is being determined • The sum amount of the total endowment benefit which includes the cash value surrendered within the maturity date that should not the very least exceed the amount payable as death benefit within the span of the contDeath benefits that should be provided right after the maturity date is being determined • The sum amount of the total endowment benefit which includes the cash value surrendered within the maturity date that should not the very least exceed the amount payable as death benefit within the span of the contdeath benefit within the span of the contract.

Of course, the bond interest might not quite be enough to cover the traditional LTC premiums right now (and therefore deplete principal slightly), but it will be more than enough once rates rise, which again seems like a reasonable «bet» for someone who still has a 10 - 20 + year time horizon for long - term care and retirement needs (and over that time horizon, the client could have generated an amount equal to the hybrid life / LTC death benefit just with normal growth!).

While some no medical exam life insurance policies will pay out the full amount of the death benefit to the beneficiary right away, others will require that the policy be in force for a certain amount of time — such as two or three years — before the full amount is eligible to be paid out.

If you know that your family can not make the right financial decision and will face the problem of investment and saving after receiving the huge amount of the death benefit at once then going for a staggered payment is the best option.